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3. Sensitivity of the Quantity Supplied to Price *3.1 The linear supply function is Equation 3.8, = g + bp. Derive a formula for the

3. Sensitivity of the Quantity Supplied to Price *3.1 The linear supply function is Equation 3.8, = g + bp. Derive a formula for the elasticity of supply in terms of p (and not O). Now write a formula entirely in terms of O. A

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